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TronDAO Announces The Launch Of Decentralized USD (USDD)

Twitter icon  •  Published 3 years ago on April 22, 2022  •  Hassan Maishera

On Thursday, TronDAO announced that it had partnered with some major blockchain players to launch USDD (Decentralized USD), a decentralized stablecoin.

TronDAO Announces The Launch Of Decentralized USD (USDD)

On Thursday, TronDAO announced that it had partnered with some major blockchain players to launch USDD (Decentralized USD), a decentralized stablecoin. TronDAO tagged it the most decentralized stablecoin in human history and revealed that it would be issued on May 5, 2022.

TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions.

TRX is down by up more than 6% so far today and is trading at $0.06761 at press time.

Pharos Network Makes USDC Its Primary Stablecoin to Fuel Pharos Incubation Program
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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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